CONCOURSE K CONCESSION PROGRAM AT MIA

Aviation and Seaport Committee · 2026-07-13 · resolution

Resolution approving award of Contract No. EVN0028376, Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC, with projected revenue of $62,200,000 for an initial 11-year term and one one-year option to renew. The contract covers development and management of 17 concession spaces (11 food and beverage, 6 retail) encompassing approximately 19,073 square feet in the upcoming Concourse K. Adopted by the Board of County Commissioners on 7/21/2026. The concessionaire will provide financing, design, leasing, tenant coordination, construction, and property management. The estimated positive fiscal impact for the initial 11-year term is $55,800,000; with the one-year renewal option, cumulative value is $62,200,000. Revenue is based on percentage fees of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales. The vendor is non-local with no Miami-Dade employee residents. The joint venture is OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). Three other proposals were deemed non-responsive by the County Attorney's Office for failing to submit a revenue proposal. The concourse is expected to be available by 2030. The item is countywide in nature, located within District 6. The Living Wage Ordinance applies. No public comment or stakeholder sentiment is stated in the document.